Orc Software (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced a renewed multi-year agreement with Goldenberg Hehmeyer LLP.
GH LLP will extend its use of an Orc solution to support its Exchange-Traded Funds (ETF) market making operations. The order was booked in Q1, 2011.
As part of the agreement, GH LLP will also continue to work closely with Orc for developing and refining its tailored market making solution, based on the Orc Liquidator engine. The solution provides extensive market access, which currently includes CME, EUREX, XETRA, MTA, LSE, NYSE ARCA, EURONEXT and SWX.
"Based on our experience, Orc continues to excel producing market leading technology which is both proven and adaptable as our needs evolve," said Ralph Goldenberg, Chairman & CEO, Goldenberg Hehmeyer LLP. "Entering a long term partnership with Orc, where our specific requirements provide input to technology development, will help us remain ahead of competition in our markets."
"Renewing and extending our partnership with Goldenberg Hehmeyer LLP is a strategically significant event for Orc," said Lee Griggs, President EMEA, Orc Software. "GH LLP is an industry leading and demanding user of our market making solutions, and their continued trust in our ever evolving technology and services testifies to Orc's commitment to advanced trading firms."